As a seasoned researcher with over two decades of experience in the crypto market, I have seen my fair share of promising projects that either soared to unprecedented heights or plummeted into obscurity. The recent surge of Telegram-based cryptocurrency Notcoin has certainly piqued my interest, and I must admit, I am intrigued by its impressive performance in the last 24 hours.
In the past day, the cryptocurrency Notcoin, exclusively traded on Telegram, has drawn investor attention due to its strong price growth. According to CoinMarketCap’s data, Notcoin recorded a 12.75% profit on Friday, making it the top performer in the market. Although there seems to be a slight slowdown in its momentum after a recent price adjustment, some trading signals suggest that investors should maintain a positive outlook.
Notcoin To Hit $0.014 If Buying Pressure Persists: Analyst
On Friday, renowned cryptocurrency analyst Ali Martinez posted about Notcoin and made a positive forecast. According to his analysis, the SuperTrend indicator on the daily chart for Notcoin suggests a buying opportunity after its recent rise out of a downward-sloping wedge pattern.
As an analyst, I’ve just observed that the SuperTrend indicator has triggered a buy signal on the daily chart for #Notcoin, as it breaks free from a descending wedge formation. This could indicate a surge in buying pressure, potentially propelling #NOT towards prices ranging between $0.012 and $0.014.
— Ali (@ali_charts) September 27, 2024
Typically, the SuperTrend serves as a straightforward technical tool for forecasting an asset’s possible price trend. When the price surpasses the SuperTrend line from below, it usually indicates that the asset may continue to rise, which is interpreted as a buy signal.
Based on Martinez’s analysis, if investors are swayed by the SuperTrend indicator and start pouring more capital into the Notcoin market, it could potentially drive the token’s price up to between $0.012 and $0.014. This would represent a possible 41.41% increase in value from its current market worth.
As a researcher, I’m predicting that under strong bullish pressure, the price of this telegram-based asset might surge towards approximately $0.020 – a level last seen in early August. Conversely, if negative news events or macroeconomic factors were to impact the market, it’s likely that this asset could find support near $0.0069.
NOT Price Overview
Initially introduced as a “play-to-earn” cryptocurrency on the messaging service Telegram, Notcoin enabled users to accumulate wealth by simply tapping a digital coin and engaging in various game activities. After its debut in May, there was significant interest in Notcoin, causing it to skyrocket by more than 380% to reach an unprecedented price of $0.029. Regrettably, the token’s worth has been on a downward trend since then and hasn’t regained those impressive levels.
Nevertheless, NOT has quickly grown into a major digital asset, earning a spot in the top 100 cryptocurrencies with a market cap of $1 billion.
Currently, as I type this, Notcoin’s price is approximately $0.0098. This is a decrease from its peak price of $0.0105 on Friday. Over the last week, Notcoin has experienced impressive growth of 31.66%, and over the past month, it has seen a rise of 8.08%. Intriguingly, the trading volume for NOT has surged by an astounding 145.17% to reach a value of $374.18 million.
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2024-09-28 20:10